Circulars

Long Term Financing Facility/Islamic Long Term Financing Facility (LTFF/ILTFF) – Extension/Allocation of Limit

May 24, 2018
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The Presidents/ CEOs,

All Banks/DFIs.

Long Term Financing Facility/Islamic Long Term Financing Facility

(LTFF/ILTFF) – Extension/Allocation of Limit

Dear Sir /Madam,

As you are aware, LTFF limit sanctioned in favour of banks/DFIs for the year 2017-18 are due to expire on 30-06-2018. In order to ensure that financing facilities are available to borrowers till finalization of new limits under LTFF for the financial year 2018-19, it has been decided to continue the existing limit till fresh limits for FY 2018-19 are notified. Further, you are advised to furnish us the following information, latest by June 25, 2018 to enable us to finalize limits under LTFF/ILTFF for FY 2018-19:-

  • Limit requirements for FY 2018-19 under LTFF/ILTFF.
  • Limit request should be duly supported by borrower-wise details of cases being sanctioned, application(s) in process / details of LCs established and their expected date(s) of retirement.

Yours sincerely,

Ghulam Muhammad
Director